Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Please answer this Review Problem on Standard Costing and Analysis of Direct Costs In November DCdesserts.com produced 3,000 multilayer fancy cakes and incurred the following

Please answer this image text in transcribed
Review Problem on Standard Costing and Analysis of Direct Costs In November DCdesserts.com produced 3,000 multilayer fancy cakes and incurred the following costs for direct material and direct labor Purchased 16,500 pounds of ingredients at $1.44 per pound. Used 15,500 pounds of ingredients at $1.44 per pound. Used 1,520 hours of direct labor at $22 per hour. actual Page 433 The standard costs for production of multilayer fancy cakes were the same in November as those given earlier in the chapter for September. Compute DCdesserts.com's direct-material variances (price, quantity, and purchase price) and c rvariances (rate and efficiency) for November using the format shown in Exhibits 10-2, 10-3, and 10-4. Review Problem on Standard Costing and Analysis of Direct Costs In November DCdesserts.com produced 3,000 multilayer fancy cakes and incurred the following costs for direct material and direct labor Purchased 16,500 pounds of ingredients at $1.44 per pound. Used 15,500 pounds of ingredients at $1.44 per pound. Used 1,520 hours of direct labor at $22 per hour. actual Page 433 The standard costs for production of multilayer fancy cakes were the same in November as those given earlier in the chapter for September. Compute DCdesserts.com's direct-material variances (price, quantity, and purchase price) and c rvariances (rate and efficiency) for November using the format shown in Exhibits 10-2, 10-3, and 10-4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions